the savior is gone. we missed our chance. he is now going out spending all his money with these wonderful women ... and we are left behind ... my goodness. but then, at least for a second he the gave us a glimpse of what his presence could mean. isn't that something by itself? isn't asking more already asking too much?
TSGannGalt, to my ear you speak more of S/R and time than of indicators when you speak of knowing where the line will end. If I understand you correctly, that is part of what I do in my charting as well. You know the endpoint, you know the typical time to get there, you have your line. But what I am about here is proving the futility of constructing a system based on logic and various measures of bar quality. Or I was going to, now I am done. Then I was going to show a cybernetic system based on a course I teach, Servomechanisms 101, that tracks the market digitally, precisely, quantitatively, none of that crayola bullshit.
I am a satisfied user of Professor Doaks' ServoTrader cybernetic theory-based software. Attached is my best trade of the morning using it. Reliable entries and exits. Very little whipsawing. No need for crayons or an over-vivid imagination as to the significance of volume. Expectation, not expectoration. Works on 5 minute charts for the slow-witted and 1 minute for the nimble fingered. Adaptable to any time frame. Stoplight signals in real time to the second. Holds through breathtaking retraces that stop out less confident traders. Guaranteed to capture the daily range, if not less. Coming soon to a WalMart near you. The premium product in the NoBrainerTrader, WalMartGreeterTrader and GrannyTrader software series. Currently only available for EasySignal. Highly recommended!
I would trade a half-lot if I could. When you are testing trading systems, do YOU bet the farm? My objective is to squeeze the most profit out of 1 car throughout the day with trades lasting 5-10 minutes. Sort of like SCT on steroids. Blame my approach on Jack. Consider this. Suppose you have $50K in a money market account, and you make $1500 a year on at current rates. You can make the same with a $5K trading account netting only $7 a day. There are plenty of systems that let you do that at zero risk. That is my trading perspective. I work as a consultant and only trade for fun between assignments.
High Potty Miss, you've come out from behind your idiot covers to tell everyone what? You are not a big player at all but you make a little bit of money from your trading. But its only for fun. Sweet.